How to Reduce Taxes on Required Minimum Distributions – Part 6 of Tax Saving Strategies for High Earners

By |2022-09-01T08:13:08-08:00September 23rd, 2022|Wealth Management Resources|

Time to Read: 7 Minutes Many high earners want to know what strategies they can implement to help reduce the tax burden caused from large, unwanted required minimum distributions (RMDs) in retirement. In Part 6 of a 7-part series, “Tax Saving Strategies for High Earners,” we break down what you need to know about

Net Unrealized Appreciation – When to Avoid and When to Use this Overhyped Tax Technique

By |2022-08-29T12:29:52-08:00September 7th, 2022|Wealth Management Resources|

Time to Read: 7 Minutes A little-known tax rule for people who own their employer stock in their 401(k) is Net Unrealized Appreciation (NUA).  Electing NUA is often promoted by retirement planners as a smart tax savings strategy.  Here in San Diego, we’ve helped clients from companies with highly appreciated stock, such as SAIC,

Buy-Sell agreements: Ensuring Smooth Business Transitions

By |2022-07-05T09:04:55-08:00August 19th, 2022|Wealth Management Resources|

Time to Read: 5 Minutes Building a business is all about the day-to-day decisions. But what happens to the business if the primary decision-maker isn’t there? Creating a continuity plan that outlines transition planning should be part of the foundational documents of a business at any stage. Valuing the business, codifying the steps that

Deferred Compensation – Strategies to Help High Earners & Executives Bridge the Gap to Retirement

By |2022-08-22T07:22:19-08:00June 14th, 2022|Wealth Management Resources|

Time to Read: 8 Minutes If you’re a highly compensated employee of a public or private company, you may be able to build up your retirement savings well beyond your 401(k) contributions. Participating in your employer’s deferred compensation (DC) plan can help build significant retirement savings, but if not carefully planned it can result

Getting the Most from your Executive Benefits Package

By |2022-06-01T11:49:30-08:00June 1st, 2022|Wealth Management Resources|

Time to Read: 16 Minutes At BWM Financial, we’ve helped executives, engineers, and scientists at San Diego companies with their financial affairs for over 20 years. This often involves navigating the complexities of employee benefits, such as company stock, options, retirement plans, and insurance benefits.  Many executives are simply so focused on their career that they lack the bandwidth to spend their time and energy: Deciding between selling vested

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